Want to withdraw money from bank account? Here’s what you need to know


Amid the rising coronavirus COVID-19 instances within the nation, the Indian Banks’ Association (IBA) on Saturday (May 2) launched new norms to withdraw money from banks. The IBA has urged the purchasers not to rush into banks and cut back their visits to bank by doing extra work by digital transactions.

For its half, banks have assigned particular dates to withdraw money so as to keep away from crowds and this association has been made based mostly on the final variety of the account numbers of bank prospects.

As per this new norm, these bank prospects having zero and 1 because the final digits of their bank account numbers shall be allowed to withdraw money on May 4. Similarly, these bank prospects who’ve 2 and three because the final digits of their bank account numbers shall be allowed to withdraw money on May 5; these with Four and 5 can withdraw on May 6.

Bank prospects having 6 and seven because the final digits of their bank account numbers can withdraw on May 8; these with Eight and 9 can withdraw the quantity on May 11.

The IBA clarified that this association will stay in place until May 11 after which the restrictions of account numbers and dates will get lifted and anybody can withdraw money on any day. 

This has been completed as a result of in April, a lot of individuals fashioned a queue in entrance of the banks to withdraw money and social distancing norms had been openly flouted. The Indian Bank Association has additionally requested prospects to withdraw money from any ATM as there shall be no cost for it.

Apart from this, beneath the Pradhan Mantri Garib Kalyan Yojana, Rs 500 is being deposited within the accounts of girls. The banks have suggested that the money is secure within the accounts urging prospects not to make a rush to withdraw. The installment for April has been added to the ladies’s account and the installment for May is beneath course of.

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